Oppenheimer Asset Management Inc. Has $483,000 Stake in Nexstar Media Group Inc (NXST)

Oppenheimer Asset Management Inc. reduced its stake in shares of Nexstar Media Group Inc (NASDAQ:NXST) by 12.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,932 shares of the company’s stock after selling 862 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Nexstar Media Group were worth $483,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sit Investment Associates Inc. grew its holdings in shares of Nexstar Media Group by 1.7% during the 2nd quarter. Sit Investment Associates Inc. now owns 44,525 shares of the company’s stock worth $3,268,000 after purchasing an additional 725 shares in the last quarter. Balter Liquid Alternatives LLC grew its holdings in shares of Nexstar Media Group by 1.5% during the 2nd quarter. Balter Liquid Alternatives LLC now owns 50,100 shares of the company’s stock worth $3,665,000 after purchasing an additional 735 shares in the last quarter. Strs Ohio grew its holdings in shares of Nexstar Media Group by 1.1% during the 2nd quarter. Strs Ohio now owns 71,400 shares of the company’s stock worth $5,240,000 after purchasing an additional 800 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in shares of Nexstar Media Group by 64.8% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,423 shares of the company’s stock worth $178,000 after purchasing an additional 953 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in shares of Nexstar Media Group by 16.9% during the 2nd quarter. Amalgamated Bank now owns 6,848 shares of the company’s stock worth $503,000 after purchasing an additional 989 shares in the last quarter.

In other news, Director Lisbeth Mcnabb sold 1,400 shares of Nexstar Media Group stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $80.70, for a total transaction of $112,980.00. Following the sale, the director now directly owns 1,725 shares of the company’s stock, valued at $139,207.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Elizabeth Ryder sold 7,392 shares of Nexstar Media Group stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $81.02, for a total value of $598,899.84. Following the sale, the executive vice president now directly owns 12,827 shares in the company, valued at $1,039,243.54. The disclosure for this sale can be found here. Insiders sold 21,950 shares of company stock worth $1,796,747 over the last ninety days. 6.40% of the stock is currently owned by insiders.

Several analysts have recently issued reports on NXST shares. BidaskClub raised Nexstar Media Group from a “hold” rating to a “buy” rating in a report on Saturday, August 18th. Stephens set a $94.00 target price on Nexstar Media Group and gave the stock a “buy” rating in a report on Thursday, August 9th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $87.00 price objective on shares of Nexstar Media Group in a research note on Tuesday, July 24th. ValuEngine raised Nexstar Media Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Finally, B. Riley raised their price objective on Nexstar Media Group from $87.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $91.09.

NASDAQ:NXST opened at $83.21 on Thursday. The stock has a market capitalization of $3.67 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 1.00 and a beta of 1.76. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 2.59. Nexstar Media Group Inc has a twelve month low of $60.30 and a twelve month high of $89.75.

Nexstar Media Group (NASDAQ:NXST) last released its quarterly earnings data on Wednesday, August 8th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.14. The business had revenue of $660.30 million for the quarter, compared to analyst estimates of $657.92 million. Nexstar Media Group had a return on equity of 17.28% and a net margin of 22.07%. Nexstar Media Group’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.91 earnings per share. Equities analysts predict that Nexstar Media Group Inc will post 8.05 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.80%. The ex-dividend date is Thursday, November 15th. Nexstar Media Group’s dividend payout ratio (DPR) is presently 37.69%.

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About Nexstar Media Group

Nexstar Media Group, Inc operates as a television broadcasting and digital media company in the United States. It focuses on the acquisition, development, and operation of television stations and interactive community Websites in medium-sized markets. The company offers free over-the-air programming to television viewing audiences.

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Institutional Ownership by Quarter for Nexstar Media Group (NASDAQ:NXST)

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